Sax Wealth Advisors LLC Purchases Shares of 30,691 Franklin Dynamic Municipal Bond ETF $FLMI

Sax Wealth Advisors LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 30,691 shares of the company’s stock, valued at approximately $761,000.

A number of other hedge funds also recently modified their holdings of the business. Allworth Financial LP acquired a new position in Franklin Dynamic Municipal Bond ETF during the 3rd quarter worth about $25,000. Rockefeller Capital Management L.P. acquired a new position in shares of Franklin Dynamic Municipal Bond ETF in the 4th quarter worth approximately $42,000. BOKF NA bought a new stake in shares of Franklin Dynamic Municipal Bond ETF in the 3rd quarter valued at $44,000. Greenline Wealth Management LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the fourth quarter worth $52,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the third quarter worth $62,000.

Franklin Dynamic Municipal Bond ETF Stock Performance

FLMI stock opened at $24.72 on Tuesday. The company’s fifty day simple moving average is $24.93 and its 200 day simple moving average is $24.99. Franklin Dynamic Municipal Bond ETF has a 12-month low of $24.05 and a 12-month high of $25.46.

Franklin Dynamic Municipal Bond ETF Profile

The Franklin Dynamic Municipal Bond ETF (FLMI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in municipal bonds of any credit quality. The portfolio manager seeks dollar-weighted average maturity of three to ten years. FLMI was launched on Aug 31, 2017 and is managed by Franklin Templeton.